China cuts growth target, puts focus on reform and “firewall” against risks, pledges more support for military, CNY may be disturbed in short run but to follow fundamentals over long run, ’17 fixed asset investment @9% – Reuters.

New Zealand Q4 current account deficit NZ$2.335 billion, year to December NZ$7.112 billion, NZ$2.543 billion and NZ$7.25 billion forecast, Q4 deficit smallest in two years, deficit in year to December -2.7% of GDP.

Trump issues ultimatum to House Republicans: Pass new health bill or he will leave Obamacare in place – New York Times.

CBO analysis of House Republican revised health-care bill shows just as many uninsured, less deficit reduction – Washington Post.

Dallas Fed Kaplan – Making reasonably good progress on inflation, labor market relatively tight, should move deliberately to remove accommodation, approaching time when we can allow balance sheet to gradually run off.